Lloyd adds, however, that Cavs GM Chris Grant is aware that the team must improve considerably in order to be considered a viable option for James. Grant is reportedly aggressively exploring options to add another impact player. Lloyd reports that Grant asked about trading an Anderson Varejao-based package for Kevin Love following Love's recent comments critical of the Timberwolves, but was rebuffed. He has also inquired on the possibility of trading for the Blazers' LaMarcus Aldridge, the Grizzlies' Marc Gasol, and the Lakers' Pau Gasol.

Lloyd writes that although the Cavs are still open to moving Varejao, who is having an outstanding season, it doesn't seem likely because his recent play has raised their asking price and no team thus far has been willing to meet their demands. A trade of Varejao to the Thunder for Perry Jones III, Jeremy Lamb, and Toronto's protected 2013 first-round draft pick has been discussed, but both sides have concerns about the players they would get back.